114
114
Jul 19, 2011
07/11
by
CNNW
tv
eye 114
favorite 0
quote 0
>> it's dreadfully serious for rupert murdoch, his family and his company. the company itself i don't think is in jeopardy. it's the second or third largest media company in the world, but murdoch's aura of invincibility is gone. his lieutenants are apples falling from the tree. his argument it was a few rotten apples is discredited. it's really a barrel problem. he has to deal with that, and he knows in coming days, not just in his testimony tomorrow, but in coming days, there will be more apples that will be revealed to have been rotten. he has a lot to answer for. >> i can say from my experience, editing a newspaper for him and this was, five, six years before any of this phone hacking began, but certainly when i worked for him, he wanted his editors toagl of the things would you expect from a tabloid newspaper, but always to operate within the law. and i find it impossible, personally knowing the man, to think he would have known about law breaking on his newspapers, let alone condone it. >> it's not just a question of what you knew, but what you should
>> it's dreadfully serious for rupert murdoch, his family and his company. the company itself i don't think is in jeopardy. it's the second or third largest media company in the world, but murdoch's aura of invincibility is gone. his lieutenants are apples falling from the tree. his argument it was a few rotten apples is discredited. it's really a barrel problem. he has to deal with that, and he knows in coming days, not just in his testimony tomorrow, but in coming days, there will be...
153
153
Jul 19, 2011
07/11
by
CNNW
tv
eye 153
favorite 0
quote 0
>> well, i mean, there's clearly affinity for newspapers by murdoch. it's less than 10% of the total company. and uk properties are less than 10 cents of share of value. so they are really not that significant. all of the growth has been in newer media cable networks now over 50% of the company's operating income, and there is tremendous growth in satellite assets like star tv in india and sky tire, sky deutscheland, bskyb. it's still relatively underpenetrated, a growth engine and a free cash flow machine. >> the price of news corp crashing the past two weeks, is it now cheap? are the shares now undervalued, given the scale of this crisis? >> yes, news corp has lost over $8 billion of value since the crisis erupted in the last few weeks. and we can account with the decline in bskyb share price, and even just saying they give away the uk newspapers which obviously wouldn't happen. they could sell it or spin it, but that's maybe $2 billion of the whole decline. so $6 billion is more emotional, more worry about the unknowns, but i think at some point whe
>> well, i mean, there's clearly affinity for newspapers by murdoch. it's less than 10% of the total company. and uk properties are less than 10 cents of share of value. so they are really not that significant. all of the growth has been in newer media cable networks now over 50% of the company's operating income, and there is tremendous growth in satellite assets like star tv in india and sky tire, sky deutscheland, bskyb. it's still relatively underpenetrated, a growth engine and a free...
108
108
Jul 23, 2011
07/11
by
CNNW
tv
eye 108
favorite 0
quote 0
eyebrows including a former marriage and then big reports of wendy's sometimes strained relationship with murdoch's other children. but as the pie man found, nothing comes between the slapdown sister and her mister. stan grant, cnn, beijing. >> and that is it for "in the arena." we'll be back next week. pierce morgan is ahead. but first -- we're following up on important breaking news tonight. a 32-year-old norwegian man is in custody after today's deadly twin attacks in norway. the death toll is now 17. seven were killed in oslo where a bomb blasted through the center. outside the capital, a gunman opened fire on a political meeting of young people killing ten there. the attacks with definitely linked. 90 people are hospitalized with injuries in oslo. no word yet on a motive for the attacks. and the other huge story in washington, debt talks and broken down. late this afternoon house speaker john boehner walked out of negotiations with president obama saying the two could not connect because of their difference visions for country. president obama was the first to respond. >> my expectation was th
eyebrows including a former marriage and then big reports of wendy's sometimes strained relationship with murdoch's other children. but as the pie man found, nothing comes between the slapdown sister and her mister. stan grant, cnn, beijing. >> and that is it for "in the arena." we'll be back next week. pierce morgan is ahead. but first -- we're following up on important breaking news tonight. a 32-year-old norwegian man is in custody after today's deadly twin attacks in norway....
190
190
Jul 20, 2011
07/11
by
CNNW
tv
eye 190
favorite 0
quote 0
when rupert murdoch seemed sometimes confused, slow, and often in an almost touching way, james murdoch would try to intervene and supply information that his father didn't have. and the mps would say, no, we'd like to hear from rupert murdoch. the pie changed the whole dynamic of the day. >> very dramatic scenes. would you agree it was the pie that won it? >> no, i actually don't think i would agree. i think the pie incident will be seen for what it is, which was a disgraceful, appalling breach of parliamentary regulations and will be dealt with as such. and that fundamentally, people will turn back. the pie will be a side bar, and it may have made the headlines tomorrow, but the answers that were given by the murdochs in the hearings, will be what people will focus on in the longer term and don't forget one other crucial point. there are the police inquiries, the independent police commission, where you have this massive judicial inquiry that still has to get under way, along with further inquiries that will come from this committee. long and short, the pie might be the froth, if you
when rupert murdoch seemed sometimes confused, slow, and often in an almost touching way, james murdoch would try to intervene and supply information that his father didn't have. and the mps would say, no, we'd like to hear from rupert murdoch. the pie changed the whole dynamic of the day. >> very dramatic scenes. would you agree it was the pie that won it? >> no, i actually don't think i would agree. i think the pie incident will be seen for what it is, which was a disgraceful,...
103
103
Jul 22, 2011
07/11
by
CNNW
tv
eye 103
favorite 0
quote 0
so for a company like that to function, clearly it does not depend on rupert murdoch or james murdoch. clearly, as a ceo, you have other functions that are managed by other people. i'm not worried about it at all because i do interact a lot with news corp., and i see a lot of depth at the management level at all levels. >> what mistakes do you think they've made managerially in handling the scandal? because the one thing that everyone seems to be in agreement about is they haven't handled it very well. >> you know, news corp. is a conglomerate that is really so diverse. it's available in five continents. if you take only the newspaper arena between -- among the united states, uk, australia, and other countries, you have hundreds of newspapers that have been published. clearly, "news of the world" in the uk went out of control, and the lesson learned here is that mr. rupert murdoch, james murdoch, and the management and board of directors there, they have to have more stringent rules and regulations. they have to tighten the boss a lot more internally, and they have to have independent
so for a company like that to function, clearly it does not depend on rupert murdoch or james murdoch. clearly, as a ceo, you have other functions that are managed by other people. i'm not worried about it at all because i do interact a lot with news corp., and i see a lot of depth at the management level at all levels. >> what mistakes do you think they've made managerially in handling the scandal? because the one thing that everyone seems to be in agreement about is they haven't handled...